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Meet Rubino & Company

“My first priority when working with clients is to develop an understanding of their goals as well as the possible challenges. Then, I use my expertise and experiences to develop strategies that will help my clients meet their goals while complying with the specific regulations inherent, but not always explicit, in government funded work.”

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A Full Spectrum of Financial Services

While our clients span the various types of businesses found in the
Washington, DC, Maryland, and Virginia area, we offer nationally
recognized industry expertise for government contractors,
not-for-profits, and healthcare providers.

Experience

Company

For over 30 years, we've been helping clients with accounting, tax and financial planning issues.
We provide outstanding public accounting, tax advisory services, regulatory consulting, and financial services.

By Carolyn C. Quill, CPA
Two major pieces of tax reform legislation, the Patient Protection & Affordable Care Act and the American Taxpayer Relief Act of 2012 (the Acts), went into effect in 2013. As a result of these Acts, S corporations are now a better choice for many active closely held business owners, since S corporations provide business owners with a unique opportunity to lessen their tax burdens not available to other types of entities. Accordingly, now is the right time to revisit your choice of entity as well as reviewing your tax planning opportunities.

One of the most innovative provisions of the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (the Uniform Guidance) includes the requirement for Federal Agencies to perform risk evaluations of potential grantees. The specific requirements are included in §200.205 Federal Awarding Agency Review of Risk Posed by Applicants. This document will: (1) provide an overview of the new risk based framework, (2) identify and define the evaluation framework, (3) identify critical requirements for funding opportunity announcements, and (4) identify risk based award provisions available to Federal Agencies.

Do you know someone about to get married late this year or early next year? While planning a wedding can be hectic enough, the timing of nuptials can be a very important tax planning consideration. In the eyes of the IRS, being married at year-end translates to joint filing which can change the tax treatment of a number of items. Moreover, deferring a year-end marriage or expediting a union, depending on the circumstances, can either defer or accelerate income possibly resulting in "marriage" penalties.